PM Modi launches ‘big reform’ e-RUPI to make targeted DBT benefits work

Prime Minister Narendra Modi on Monday launched a digital direct benefit transfer (DBT) platform called e-RUPI, which aims at making sure that the money transferred by the user, in this case, the government, is used exactly for the same purpose as it is intended to be.

Prime Minister Modi termed the e-RUPI as a “big reform”, in line with the launch of BHIM-UPI payment system in December 2016. The UPI system has indeed changed the payment landscape in India and has become the preferred mode of payment in many cases. In July alone, UPI registered 3 billion transactions, worth Rs 6 trillion-plus.